The four actors below have just signed a contract to star in a dramatic movie about relationships among hospital doctors. Each person signs independent contracts with the following terms: Contract Terms Contract Payment Derek Isabel Meredith George Required: Amount $460,000 Date 2 years 500,000 3 years 395,000 360,000 Today 1 year 1-a. Assuming an annual discount rate of 8%, calculate the present value of the contract amount. 1-b. Which of the four actors is actually being paid the most? ces Complete this question by entering your answers in the tabs below. Req 1A Req 1B Assuming an annual discount rate of 8%, calculate the present value of the contract amount. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places.) Derek Isabel Meredith George Present Value < Req 1A Req 1B >